Where Will the S&P 500 Find a Bottom?
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The S&P 500 is expected to find a bottom in the range of $5735-5810. If it holds above $5670, and especially $5400, a rally to $6280+ is anticipated.
December 19, 2024 | 9:30 pm
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IVV, an ETF tracking the S&P 500, may see a bottom in the $5735-5810 range. Holding above $5670, especially $5400, could lead to a rally to $6280+.
IVV tracks the S&P 500, so its performance is directly tied to the index's movements. The expected bottom and potential rally in the S&P 500 suggest a positive short-term outlook for IVV.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80